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  • Is Goldman Sachs Sounding an Exaggerated Alarm? [View article]
    "So it's no surprise that Goldman Sachs would be the gloomy ones, and have a perspective that is not America's."

    sad but true. but none of their forecasts have been correct anyway - remember $200 oil?

    "Our economy can recover quickly from an event like that. The 1930s were entirely different: GDP fell a lot more and the recovery was terribly long."

    yes, the 1930's were different, and the steps that are being taken in 2008 are also different. i do not see what you are looking at to forecast recovery - fast or otherwise. is it historical data? is it some sort of stimulus package? no, the economy should reach a bottom during 2009 (i cannot fall forever) - but recovery is another issue.
    Nov 25 01:11 am |Rating: 0 0
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